When originally purchased, a vehicle costing $25,200 had an estimated useful life of 8 years and an estimated salvage value of $2,800. after 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. the depreciation expense in year 5 equals:?

Question

Richardson

23 September, 14:29

+4

Answers (1)

Know the Answer?

Kennedy Yates · Answer 1

The depreciated value in year 4 is 14,000. In year 5, it is 8,400. The depreciation expense in year 5 is

... $14,000 - 8,400 = $5,600